Sept. 6 (Bloomberg) -- Oman Oil Co., owned by the
government of Oman, may invest about $3 billion in as many as
three fertilizer companies in India, an Indian government
minister said.

Executives and officials from the two countries agreed to
explore the possible investments in Fertilizer Corp. of India,
Hindustan Fertilizer Corp. and Rashtriya Chemicals & Fertilizers
Ltd. the during a visit by Indian Minister of Commerce and
Industry Anand Sharma to the Middle Eastern sultanate yesterday.
Sharma told reporters in the capital city Muscat that the two
sides had agreed to form an official working group to explore
the idea.

The minister also said that Oman Oil Marketing Co. and
Bharat Petroleum Corp. of India had agreed to study the
feasibility of setting up a lubricants blending plant in Oman.